From today customers of Ethfinex and Bitfinex will be able to trade all six major stablecoins on both exchanges. Plus, in an industry first, Ethfinex Trustless customers will be able to trade all six stable coins directly from their private wallet, as soon as sufficient liquidity has developed.
Ethfinex Trustless was launched in September 2018 as the first step to becoming a fully decentralised token trading exchange. It allows users to trade against the liquid order books of Ethfinex and Bitfinex without surrendering custody of their funds, sacrificing privacy or speed of execution.
Created in 2014, Tether has for many years been the only stablecoin available to traders, offering the ability to move funds quickly between different exchanges with the benefit of stability of the US Dollar. Following the Tether boom in 2017, the stablecoin market has rapidly expanded with five alternatives of note launching from March 2018.
At Ethfinex and Bitfinex we are dedicated to providing a high quality, unbiased meeting place for every ecosystem and customer. We were the first to introduce alternative stablecoins onto our platform, including Dai (an Ethereum collateralised stablecoin), and now proudly introduce the following established stablecoins: USDC, True USD, Paxos, and Gemini USD.
Stablecoins present a fantastic opportunity for greater adoption of blockchain technologies through the stability and utility of fiat currencies. We are proud to support this growing market and will continue to dedicate ourselves to the development of tools which promote innovation and collaboration within the digital asset space.
Start trading on Ethfinex now.
Check out the Ethfinex Trustless Developer Guide for a walkthrough on how to locally interact with the Ethfinex order books.